The Virginia Housing Coalition and the VHC Information Service would like to extend a special thank you to the VHDA for sharing their news clipping service.
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VHC News Clips, volume 2009-26 (December 30, 2009)
Planning Future Development in Reston No Easy Task
FairfaxTimes.com, December 29
(RECAP: In response to efforts outlined for the Reston Master Plan Special Study Task Force, the Alliance of Reston Clusters and Homeowners has proposed a number of draft principles to guide the work of the task force.)Fannie, Freddie Backstop May Foreshadow Mortgage Forgiveness
Business Week. December 28
(RECAP: The U.S. Treasury Department's expansion of its capital backstops for Fannie Mae and Freddie Mac may foreshadow a shift in the government's mortgage- modification tactics.)Mortgage Anxieties Mean Limbo for Fannie and Freddie
Business Week, December 28
(RECAP: Fannie Mae and Freddie Mac, the linchpins of the American housing market, continue to bedevil the U.S. financial system.)Windfall for Biscuit Run Developer? Tax Credits Could Become Cash
Charlottesville Daily Progress, December 28
(RECAP: The developer of the 1,200-acre, 3,100-home Biscuit Run project south of Charlottesville could receive tens of millions of dollars in state income tax credits that could later be sold for cash, if negotiations with Virginia officials to donate the property as a state park succeed.)FBI Deluged by Fraud Cases from Real Estate Bubble
The Virginian-Pilot, December 28
(RECAP: The criminal cases against Brian W. King and Ronnie E. Brodie are typical of what the FBI is seeing as a result of the rise and fall of the real estate market.)Smart Upgrade Choices in a Buyer's Market
HamptonRoads.com, December 27
(RECAP: With 1,164 homes sold in the region last month, Hampton Roads' housing sales are up 87 percent from November 2008, according to the Real Estate Information Network Inc., the local multiple listing service.)After Denials, Military Aid for Home Sellers Reboots
The Virginian-Pilot, December 27
(RECAP: To qualify, homes owned by service members must have had a decline in value of at least 10 percent. Additionally, the city or county in which the home is located must have seen at least a 10 percent decline in overall real estate values.)Americans Increase Spending, but Not on New Homes
Kttc.com, December 26
(RECAP: Americans are starting to spend a bit more money, but not enough to power a strong economic recovery.)Richmond , Petersburg Programs for Homeless Get $2.8 million in U.S. Aid
Richmond Times-Dispatch, December 25
(RECAP: President Barack Obama left a $2.8 million gift for the Richmond region and its homeless population just before Christmas. The Obama administration announced renewal funding for a dozen area programs to assist the homeless in the Richmond area and three more in Petersburg .)Obama's Home Loan Modification & Refinance Program for Struggling Homeowners Classified, December 24
(RECAP: There has been news about President Obama declaring facts about his administration's $75 billion plan to refinance and modify millions of mortgages. If you a troubled homeowner, you can officially begin contacting lenders asking for a home loan modification or a mortgage refinancing.)Regulator Approves Millions for Fannie, Freddie Execs
The US Daily, December 24
(RECAP: The top U.S. housing regulator said on Thursday it approved 2009 pay packages of up to $6 million each for the chief executives of government-controlled mortgage giants Fannie Mae and Freddie Mac.)HUD to Assist Homeowners Facing Problem Drywall
RealEstateRama, December 23
(RECAP: HUD announced that FHA-insured families experiencing problems associated with problem drywall may be eligible for assistance to help them rehabilitate their properties.)Leesburg Still Pricey Place To Live
Leesburg Today, December 22
(RECAP: The Town of Leesburg 's housing prices continue to outpace the incomes of the average person, according to results gleaned from the Town Plan Monitoring Report.)Roper Brothers a Casualty of Housing Downturn
RichmondBizSense.com, December 22
(RECAP: Petersburg-based Roper Brothers Lumber Company sold construction materials to builders for 100 years. It even survived the Great Depression. But the recent downturn in the real estate market finally did it in.)High Cost of Housing in US, Unable to Buy or Rent
Voice of America , December 22
(RECAP: Owning your home was once part of the American dream. But that dream has faded because of the economic recession in the United States . Millions of Americans have been unable to pay the mortgage on their houses and have had to leave them. Without a home of their own, many people are now renting, but this also can be difficult financially.)News Clips Archives
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